Thursday, January 18, 2018

Dividend Increase – ONEOK, Inc. (OKE)

Yesterday The board of directors of ONEOK, Inc. announced a quarterly dividend increase of from $ 0.745 to $ 0.77 per share that’s payable February 14, 2018 to holders of record February 1, 2018. This represents a 3.36% increase to regular monthly dividends. With current price $ 59.25 (today's open), this raise brings their dividend yield to 5.20%.

ONEOK expects approximately 90 to 95 percent of this dividend to be a return of capital. Additional information regarding return of capital distributions is available at ONEOK's investor relations website,, under Stock Information. 

As previously announced, ONEOK expects annual dividend growth of approximately 9 to 11 percent through 2021.  

ONEOK has increased its dividend by 25 percent since the close of the ONEOK and ONEOK Partners merger transaction in June 2017.

Since I own 50 shares of OKE this will increase my yearly net dividends by $ 3.73.

That increase rises my YOC to 7.89%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long OKE

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